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Continue Reading ⋅ 19 February 2022
EVO SoHo Suites is located in Bandar Baru Bangi. It is developed by PKNS-Andaman Development Sdn Bhd, a joint venture between Andaman Property Management Sdn Bhd (Andaman) and Perbadanan Kemajuan Negeri Selangor (PKNS).
The developer recognised the potential of Bandar Baru Bangi as a bustling district, and spearheaded the first high-rise building development in the town. The development was developed over 3 years, and expected to add vibrancy and self-sufficiency to the town centre.
The mixed-use development consists of 4 components – a shopping mall, office spaces, retail shops, and SoHo units – with a gross development value (GDV) of RM220mil. It comprises 2 blocks of SoHo (Small office Home office) suites, and a 4-storey shopping mall on 4.4 acres of land.
EVO SoHo Suites will be located in the established commercial centre of Bandar Baru Bangi, where there are more than 300 units of occupied and varied businesses such as banks, food and beverage outlets, boutiques, convenience stores, supermarkets, clinics, hotels, and so on.
Given the current emphasis on affordable housing, EVO SoHo Suites is a timely addition to the thriving town of Bandar Baru Bangi.
Address: Kompleks Evo, Jalan Pusat Bandar 2, 43650, 43650 Bandar Baru Bangi, Selangor
Property Type: Studio / SoHo apartments
Land Title: Commercial
Total Units: 704 units
Tenure: Leasehold
Gallery: EVO SoHo/Shopping Center, Seksyen 9, 43650 Bandar Baru Bangi, Selangor
Year of Completion: 2017
Built-up Area: 454 sq ft – 1,352 sq ft
Facilities:
- Swimming pool
- Poolside deck
- Water cascade
- Gymnasium
- Multi-purpose hall
- Jacuzzi
- Wading pool
- Changing room
- Children’s playground
Launch Price: From RM240,000
Launch price per sq ft: RM490 – RM590 psf
Maintenance fee per sq ft: RM0.25 psf
Project Details
EVO features 2 towers, with 704 SoHo units and 200 shoplots. Out of the 704 units, 616 are intermediate units with a built-up area of 454 sq ft. There are 88 duplex or corner units with built-up ranging from 1,217 sq ft to 1,352 sq ft. A fully furnished SoHo unit with built-in furniture is priced from about RM240,000. The average price of each unit ranges between RM490 per sq ft and RM590 per sq ft.
The development is equipped with a three-tiered security system (security patrols, operational security and system security) to ensure the safety of its residents. Each resident will have to go through an electronic access control system upon entering and exiting the suites.
EVO SoHo Suites sit atop the 4-storey shopping mall, with a Japanese supermarket as its anchor tenant. The space in-between the shops and Evo Shopping Centre will be a street mall promenade incorporating the Bangi Walk. This will represent the heart of recreational, leisure and entertainment activities – making it the lifestyle hub of Bangi. The commercial centre will be a modern shopping centre in Bangi.
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Unit Types |
Built-Up |
Launch Price |
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Type A & B |
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From RM240,000 |
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Type C |
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Type D
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Location
Bandar Baru Bangi has been dubbed as a hotspot in the south of Kuala Lumpur, and is set to be highly developed in the coming years. Bandar Baru Bangi is situated between Kajang and Putrajaya, and is located approximately 25km away from the Kuala Lumpur city centre (KLCC).
Bandar Baru Bangi is accessible namely via the North-South Expressway (NSE) and the Kajang Dispersal Link Expressway (SILK). Both highways are linked to major townships such as Cyberjaya, Putrajaya, Puchong, Nilai, Kajang, Cheras, and Kuala Lumpur.
From the SILK Highway, it takes about 25 minutes to get to Cyberjaya through the South Klang Valley Expressway (SKVE) from Bandar Baru Bangi, while Putrajaya takes less than 20 minutes from the same expressway. Bandar Baru Bangi is also about a 10-minute drive from the Sungai Besi toll.
Located at the heart of the Bandar Baru Bangi town centre, EVO SoHo Suites will be surrounded by many facilities and amenities. There are more than 10 education institutions and schools in Bandar Baru Bangi. As such, it has been crowned as ‘Knowledge City’.
Accessibility
- Excellent road frontage to Persiaran Bangi
- Easily accessible to North-South Expressway (NSE) via Kajang exit
- Connected to SILK Highway and SKVE Highway
- Direct accessibility from Kajang town centre
- 10 minutes’ drive to Sungai Besi Toll
- 2km to Kajang KTM station
Education
- SRK Sungai Ramal
- SRA Sungai Ramal Dalam
- Universiti Kebangsaan Malaysia
- Multimedia University (MMU)
- Kolej Universiti Islam Antarabangsa
- Strategy College Bangi
- University Putra Malaysia (UPM)
- Universiti Kuala Lumpur – Malaysia French Institute
- Infrastructure University Kuala Lumpur
- German-Malaysian Institute
- Aviation Management College
- University of Nottingham
- Kolej Poly-Tech Mara
- Kuala Lumpur Infrastructure University College (KLIUC)
- Universiti Tenaga Nasional (UNITEN)
- INTI International University
- Limkokwing University of Creative Technology
- German-Malaysian Institute
- Kolej Poly-Tech Mara
Medical Care
- An-Nur specialised Hospital
- Samsiah Polyclinic
- Az-Zahrah Islamic Medical Centre
Shopping
- Savanna Lifestyle Shops
- Jaya Grocer
- Giant
- Plaza Paragon Point
- Mines Shopping Centre
- IOI City Mall
Recreation
- Bangi Wonderland & Waterpark
- Farm in the City
- Taman Wetlands Putrajaya
- Wall climbing in Camp5
- Danau Golf Club
- Kajang Hills Golf Club
- Bangi Golf Club
- Taman Tasik Cempaka
Analysis
Population in Bangi is getting more dense, but currently, there are still undeveloped areas. However, Bangi can be quite a busy town. The younger millennials are expected to flock here as there are many colleges and universities in the area. It is worth noting that the studio apartment garnered attention due to its price point, and these days, a 30-minute drive to Kuala Lumpur is not considered a big issue to some motorists.
Apart from students, demand for homes in Bangi will come from locals who are living in established locations close by, but seek for more affordable housing, an upgrade, or for investment. It will also attract people working in the higher learning institutions in Bangi, and residents of Nilai and Seremban who wish to move closer to Kuala Lumpur.
Here’s a quick review of properties in Bangi.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
EVO SoHo Suites by PKNS-Andaman Development Sdn Bhd |
Leasehold |
SoHo Apartment |
2017 |
454 sq ft – 1,352 sq ft |
From RM240,000 |
|
Cerrado in Southville City by Mah Sing |
Freehold |
Serviced Apartment |
2020 |
656 sq ft – 828 sq ft |
From RM388,000 |
|
Symphony Tower in Balakong by Cheras Home Development |
Freehold |
SoHo & Serviced Apartment |
2018 |
486 sq ft – 1,114 sq ft |
From RM288,000 |
|
Sunway Gandaria in Seksyen 9 by Sunway Group |
Leasehold |
Service Apartment |
2020 |
949 sq ft – 1,405 sq ft |
From RM491,000 |
|
Apartment Putra 1 in Bandar Seri Putra by United Malayan Land Bhd |
Freehold |
Apartment |
2017 |
854 sq ft – 1,224 sq ft
|
From RM444,000 |
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Almyra Residence at Bandar Puteri Bangi by IOI Properties Group Bhd |
Freehold |
Serviced apartments |
2017 |
· 969 sq ft · 1,055 sq ft · 1,217 sq ft |
From RM360,800 |
|
Rimbawan Residences @ De Centrum by Protasco Bhd |
Freehold |
Condominium |
2019 |
872 sq ft – 1,332 sq ft |
From RM571,000 |
Summary
To some, Bangi is considered far from KL. With a smaller population, there is limited demand for properties. However, with the current high house prices in established locations, Bangi’s lower land cost and lower primary property prices is putting it in the spotlight.
The convenience of retail, dining and leisure options offered at EVO SoHo Suites could attract young working professionals and university students who are looking for a comfortable place in a strategic location. Over the years, the spending power of students has started to increase and that has boosted commercial activities in Bandar Baru Bangi. With the increasing number of students, there is a rising demand for entertainment and leisure activities. Therefore, developers with land there are trying to fill the gap by developing street malls, shopping malls, and entertainment centres.
For a 454 sq ft unit of EVO SoHo Suite that is priced at RM265,000, where you take a 30-year 90% LTV loan of RM238,500 with an interest rate of 4.3%, your monthly repayment would be approximately RM1,180.
